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What is the difference in counter deposit and deposit?
A counter deposit is made using a blank deposit slip furnished by the bank - the depositor has to write in their own name and account number. A deposit is typically made with a pre-printed deposit slip that the depositor brings to the bank with them.
Why is a deposit considered a liability for a bank?
Deposits are considered liabilities because the depositor could pull the money out at any time. The deposits are really a "loan" to the bank that the bank will have to pay out someday.
What kind of bank account do millionares use?
Rich people use "depositor" banks the same way the rest of us use banks.
Is interest on fixed deposit an expense or income?
To the depositor, it is an income but to the bank or institution providing the fixed deposit as a product, it is an expense.
What is cost of deposits of bank?
It is a combination of a number of components. a) The rate paid out to the depositor b) The Central Cash and Reserve Liquidity Requirement c) The compensation paid to the branch or the sales team that booked the deposit d) Any additional tangible or non-tangible incentives offered or paid to the depositor or the sales team When you combine these factors across all products and deposits across the bank you get the cost of deposit for the bank.
who is the biggest depositor in the world bank?
Unknown.
Who is biggest bank in the world?
Xxx bank
People who have money in a bank are called what?
depositors
How do you issue a cashiers check?
A bank issues a cashiers check,on behalf of a depositor, by setting funds aside from the depositor's account.
What is the correct spelling of someone who deposits?
A person who has deposited money in a bank or similar institution is called a depositor
Who is ben ec as wold bank depositor?
Gen. Ben ec
A check drawn by a depositor in payment of a voucher for 725 was recorded in the journal as 257 This item would be included in the bank reconciliation as an?
A check drawn by a depositor in payment of a voucher for 725 was recorded in the journal as 257, this item would be included in the bank reconciliation as a deduction from the balance. The error should be corrected by the depositor.
What is a bank endorsement?
Bank endorsement signifies guarantee that the bank stands behind the obligation of accepting the check for deposit to the account of the depositor.
What is Germany's biggest asset?
Duetsche Bank. Largest bank (assets) in the world.
Definition of checking account?
an account at a bank against which checks can be drawn by the account depositor.
Are bank checks assets or liabilities to banks?
Neither.The liability for a bank is the actual checking or savings account (demand account), as this is money that is owed to the depositor. A bank check is simply a way to demand payment from the bank's liability account (or the depositor's asset account). The check by itself is not an additional liability to the bank above and beyond the actual account balance.
What is a bank accountant?
bank account  -noun 1. an account with a bank. 2. balance standing to the credit of a depositor at a bank.
